Vietnam’s Stock-Market Movers: Licogi 16, Tuong An Vegetable

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, added 0.7 percent to 432.32.

The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose 0.7 percent to 489.66.

Licogi 16 Joint-Stock Co. (LCG) , a Ho Chi Minh City- based builder of roads and ports, fell 2.6 percent to 11,400 dong. The company forecasts net income to fall to 102 billion dong ($4.9 million) this year from 120.7 billion dong in 2011, it said in a statement filed on the exchange’s website. Revenue is expected to fall to 1.1 trillion dong from 1.75 trillion dong, it said.

Tuong An Vegetable Oil Joint-Stock Co. (TAC) , a maker and trader of cooking oil and margarine, rose 4.7 percent to 26,500 dong, set for the highest close since May 13, 2011. The company will pay a dividend of 1,600 dong on May 11, according to a statement on the bourse’s website.